Given the subdued results and the prevailing environment, the IT sector is anticipated to adopt a cautious stance towards hiring in the upcoming quarter (July-September period), a report showed on Friday.
New Delhi, July 14: Given the subdued results and the prevailing environment, the IT sector is anticipated to adopt a cautious stance towards hiring in the upcoming quarter (July-September period), a report showed on Friday. The first quarter results of the tech giant in the current financial year shed light on the impact of economic uncertainty, on the overall profit and margin, according to the report by NLB Services.Tata Consultancy Services (TCS), Wipro and HCL Tech saw a slowdown in headcount additions in Q1FY24. TCH has reportedly delayed the onboarding of fresh hires due to project deferrals and budget cuts.
